C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q2 2026 Earnings Presentation
28 slides from C.h. Robinson Worldwide's earnings presentation, Jul 29, 2026
Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation July 29, 2026 2024 INVESTOR DAY
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risk
Slide 3: Thoughts from President & CEO, Dave Bozeman
Thoughts from President & CEO, Dave Bozeman ■ Q2 results demonstrate our commitment to delivering “higher highs and higher lows” across freight cycles, with both North American Surface Transportation ("NAST") and Global Forwarding ("GF") achieving mid-cycle operating margin targets despite being in
Slide 4: Q2 Highlights
Q2 Highlights ■ NAST gained market share in truckload and LTL. Disciplined revenue management and contractual repricing initiatives helped Q2 2026 maintain adjusted gross profit per shipment (1) Y/Y despite a significant increase in truckload spot market costs. ■ Achieved mid-cycle operating margin
Slide 5: Complementary Global Suite of Services
Complementary Global Suite of Services Over half of total revenues are garnered from customers to whom we provide both surface transportation and global forwarding services, and this percentage has grown year-over-year due to our One Robinson go-to-market approach.(1) Q2 2026 Adjusted Global Forward
Slide 6: NAST Q2'26 Results by Service
NAST Q2’26 Results by Service Adjusted Gross Profits(1) Second Quarter Highlights ($ in millions) ■ Total NAST truckload and LTL volume was up 1.5% Y/Y, 2Q26 2Q25 %▲ reflecting the 13th consecutive quarter of market share growth compared to a 3.3% decline in the Cass Freight Truckload (“TL”) $261.9
Slide 7: YoY % Change in Price and Cost per Mile
Truckload Price and Cost Change (1)(2)(3) 50% YoY % Change in Price and Cost per Mile 40% 30% 20% 10% 0% -10% -20% -30% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YoY Price Change YoY Cost Change Truckload Q2 ■ 70% / 30% truckload contractual / transactional volume mix in Q2 vs 65% / 35% in V
Slide 8: NAST Adjusted Gross Profit $ per Truckload Shipment
Truckload AGP $ per Shipment Trend (1) NAST Adjusted Gross Profit $ per Truckload Shipment (left axis) NAST Adjusted Gross Profit Margin % (right axis) Average NAST AGP $ per Truckload Shipment (left axis) 18% NAST Adjusted Gross Profit $ per Truckload NAST Adjusted Gross Profit Margin % 17% 16% Shi
Slide 9: Global Forwarding Q2'26 Results by Service
Global Forwarding Q2’26 Results by Service Adjusted Gross Profits (1) Second Quarter Highlights ($ in millions) ■ Ocean AGP decreased due to a 4.0% decrease in AGP per 2Q26 2Q25 %▲ shipment, partially offset by a 1.0% increase in shipments(2) ■ Supply-side constraints and global disruptions drove hi
Slide 10: All Other & Corporate Q2'26 Results
All Other & Corporate Q2’26 Results Adjusted Gross Profits (1) Second Quarter Highlights ($ in millions) Robinson Fresh 2Q26 2Q25 %▲ ■ AGP increased 6.5% Y/Y driven by a volume increase with Robinson Fresh $47.3 $44.4 6.5% foodservice customers Managed Solutions Managed Solutions $32.5 $29.0 11.9% ■
Slide 11: Robinson Operating Model
Robinson Operating Model 1 2 3 4 5 Clear Defined & Scorecard: Continuous, Continuously Long-Term Cascaded Measurable & Rigorous Improving. Strategy Strategy Maps Actionable Measurement Never & Targets Inputs & Action Stops. Plans • Divisional • Enterprise Strategy Maps • Binary view of • Accountable
Slide 12: Streamlining & Automating Processes to Drive Profitable Growth
Streamlining & Automating Processes to Drive Profitable Growth 12
Slide 13: The Multifaceted World of AI
The Multifaceted World of AI From machine learning to multi-agent models with advanced reasoning What: Machine learning, predictive What: Large language models What: Large language models plus planning, tool use, analytics, optimization (ChatGPT) memory, natural interaction, and optimization How: Ad
Slide 14: Meet the Fleet of C.H. Robinson AI Agents
Meet the Fleet of C.H. Robinson AI Agents Just a sample of the agents performing tasks that defied automation for decades Quote Agents Order Agents Appointment Agents Truck Post Agents I provide customers with I build and update orders I book and reschedule I post available truckload transactional q
Slide 15: Capital Allocation Priorities: Balanced and Opportunistic
Capital Allocation Priorities: Balanced and Opportunistic Cash Flow from Operations & Capital Distribution ($M) ■ The Y/Y decrease in cash from operations was driven ■ $301 million of cash returned to shareholders in Q2 2026 primarily by an unfavorable change in net operating working capital in Q2 2
Slide 16: Our 2026 Financial Target
Our 2026 Financial Target1 Key Assumptions ~$400M - $500M • Outsized volume growth in NAST and GF $350M-$450M • Ongoing gross margin expansion Incremental Adjusted Operating Income driven by technology vs. 2023 enhancements and disciplined revenue management Mid-Cycle • Consistent focus on driving e
Slide 17: 2026 Operating Income Target Bridge
2026 Operating Income Target Bridge1 Confident in our ability to deliver operating income within our target range, despite market volume growth that has been negative Y/Y in 1H of 2026 Market Assumptions • Market volume growth of -3% to +1% in 2026 • Market normalization • NAST AGP/shipment flat to
Slide 18: Our Customer Promise
Our Customer Promise © C.H. Robinson Worldwide, Inc. All rights reserved. 18
Slide 19: Appendix
Appendix 2024 INVESTOR DAY
Slide 20: Q2 2026 Transportation Results
Q2 2026 Transportation Results(1) Three Months Ended June 30 Six Months Ended June 30 $ in thousands 2026 2025 % Change 2026 2025 % Change Total Revenues $ 4,524,773 $ 3,746,660 20.8 % $ 8,168,484 $ 7,468,575 9.4 % Total Adjusted Gross Profits(2) $ 696,361 $ 654,019 6.5 % $ 1,324,762 $ 1,294,564 2.3
Slide 21: Q2 2026 NAST Results
Q2 2026 NAST Results Three Months Ended June 30 Six Months Ended June 30 $ in thousands 2026 2025 % Change 2026 2025 % Change Total Revenues $ 3,593,269 $ 2,918,227 23.1 % $ 6,540,592 $ 5,786,647 13.0 % Total Adjusted Gross Profits(1) $ 469,389 $ 432,248 8.6 % $ 900,466 $ 850,572 5.9 % Adjusted Gros
Slide 22: Q2 2026 Global Forwarding Results
Q2 2026 Global Forwarding Results Three Months Ended June 30 Six Months Ended June 30 $ in thousands 2026 2025 % Change 2026 2025 % Change Total Revenues $ 896,604 $ 797,800 12.4 % $ 1,561,334 $ 1,572,688 (0.7)% Total Adjusted Gross Profits(1) $ 188,830 $ 187,581 0.7 % $ 351,121 $ 372,209 (5.7)% Adj
Slide 23: Q2 2026 All Other and Corporate Results
Q2 2026 All Other and Corporate Results Three Months Ended June 30 Six Months Ended June 30 $ in thousands 2026 2025 % Change 2026 2025 % Change Total Revenues $ 444,225 $ 420,516 5.6% $ 845,106 $ 823,948 2.6% Total Adjusted Gross Profits(1) $ 79,747 $ 73,402 8.6% $ 146,872 $ 143,538 2.3% Income (lo
Slide 24: Non-GAAP Reconciliations
Non-GAAP Reconciliations Our adjusted gross profit and adjusted gross profit margin are non-GAAP financial measures. Adjusted gross profit is calculated as gross profit excluding amortization of internally developed software utilized to directly serve our customers and contracted carriers. Adjusted
Slide 25: Non-GAAP Reconciliations
Non-GAAP Reconciliations Our adjusted operating margin is a non-GAAP financial measure calculated as operating income divided by adjusted gross profit. Our adjusted operating margin - excluding restructuring and/or loss on divestiture is a similar non-GAAP financial measure to adjusted operating mar
Slide 26: Non-GAAP Reconciliations
Non-GAAP Reconciliations Our adjusted income from operations, adjusted operating margin - excluding restructuring and/or loss on divestiture, adjusted net income and adjusted net income per share (diluted) are non- GAAP financial measures. These non-GAAP measures are calculated excluding the impact
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations Our adjusted income from operations, adjusted operating margin - excluding restructuring and/or loss on divestiture, adjusted net income and adjusted net income per share (diluted) are non- GAAP financial measures. These non-GAAP measures are calculated excluding the impact
Slide 28: Thank you
Thank you INVESTOR RELATIONS: Chuck Ives 952-683-2508 2024 INVESTOR DAY chuck.ives@chrobinson.com
C.H. Robinson Worldwide — Q2 2026 Earnings Presentation on 6ix